Europe's Energy Market Faces 3 Key Challenges This Year, the IEA's Chief Says

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Europe may have done a good job mitigating an energy crisis caused by the war in Ukraine but it’s “not out of the woods” yet, the head of the IEA said.

Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an energy crisis caused by the war in Ukraine but it's"not out of the woods" yet, the head of the International Energy Agency told CNBC.

Europe may have done a good job in reducing its dependency on Russian oil and gas and mitigating an energy crisis caused by the war in Ukraine but it's"not out of the woods" yet, the head of the International Energy Agency told CNBC. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"Europe emissions have declined … and gas storage is at very decent levels," Birol said, speaking on the sidelines of the Group of Seven summit in Hiroshima, Japan.

 

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